Answer:
186.3
Step-by-step explanation:
If the interest is the same for both accounts then:
.03x=.05(16000-x)
.03x=800-.05x
.08x=800
x=10000, since the interest is the same for both we can just double the interest from one investment to find the total interest earned each year...
.03(10000)2=$600.00
Answer:
2.4
Step-by-step explanation:
8.4/7=1.2
1.2x2=2.4